RE:RE:RE:RE:RE:RE:PM to be purchased for $12.50 per share
There still should be an August record date dividend, unless the company otherwise informs us. I've been involved in many takeover plays where the company continues to pay the dividend or distribution until the deal closes.
The past 2 years the August record dates have been August 16 and August 17. The meeting to vote on the deal is to be held before the end of August and then the transaction will close shortly afterwards.
As to where to park the funds previously invested in PM? How about Savaria? Larger than PM and with a better history of beating expectations but the dividend is smaller and its not growing as fast. PM and SIS look like they have alot of similar products and company characteristics. Another suggestion is maybe Sienna Senior Housing or Extendicare. Closer to PM's dividend yield but again, not as growthy.
Any other suggestions welcome. Disclosure: I already own Savaria.